Soulbrain (357780) investor relations material

Executive summary

• Q1 2026 consolidated revenue was KRW 263.8 billion, with operating income of KRW 44.7 billion and net income attributable to owners of parent at KRW 36.1 billion.

• Semiconductor materials accounted for 84% of sales, display materials 5%, and secondary battery materials 7%.

• The company maintains leading market shares: 85% in semiconductor materials, 40% in display materials, and 30% in secondary battery materials.

• Major customers include Samsung Electronics, SK Hynix, LG Display, and Samsung SDI.

Financial highlights

• Revenue decreased year-over-year from KRW 923.4 billion in Q1 2025 to KRW 263.8 billion in Q1 2026 due to seasonality and industry cycles.

• Operating margin for Q1 2026 was 16.9%, with net margin at 13.9%.

• Cash and cash equivalents at quarter-end were KRW 611.8 billion, up from KRW 579.6 billion at the previous year-end.

• Total assets reached KRW 1.49 trillion, with equity of KRW 1.15 trillion.

• Dividend payout for the prior year was KRW 17.99 billion, with a cash dividend per share of KRW 2,350.

Outlook and guidance

• The company plans to continue investing in capacity expansion and R&D, focusing on advanced semiconductor, display, and battery materials.

• Facility investments in Q1 2026 totaled KRW 20.4 billion, mainly for production line upgrades and R&D.

• Management expects ongoing demand growth in AI, advanced packaging, and high-density memory to drive future sales.